The government played a central role in directing the post-World War II economy, causing all of the following to occur except
(a) The reduction of entitlements, such as Social Security and unemployment benefits.
(b) Massive spending by the federal government, justified by the Cold War.
(c) Enormously expanded government infrastructure spending on things like highways, airports, education and research and development.
(d) There is no "except"; all of the above occurred.
(a)
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
Describe the conditions under which monopoly exists. Give two examples
What will be an ideal response?
Hamburger is an inferior good. If the price of hamburger increases,
a. the income effect on the demand for hamburger will reinforce the substitution effect b. the income effect on the supply of hamburger will reinforce the substitution effect c. the budget line will rotate outward d. the budget line will shift outwards e. the income effect on the demand for hamburger will offset, to some degree, the substitution effect
Economists use game theory to analyze __________
Fill in the blank(s) with correct word